Stock Market News Updates

India’s largest cement manufacturer, Ultratech Ltd, has approved a Rs12,886 crore capex plan. It looks like a clear strategy to take on the rising influence of the Adani group in...

Auto sales for May 2022 were encouraging, although not exactly comparable with the year ago period. Most of the automobile manufacturers saw strong growth in wholesale dispatches. For May 2022,...

India GDP grew at a much lower rate of 4.1% in the fourth quarter while for full year FY22, the GDP growth at 8.7% was 10 bps lower than the...

Mahindra and Mahindra plans capex of Rs15,300 crore in its auto, farm equipment and EV businesses over next 2 years. While Rs3,200 was pumped in FY22, M&M plans to invest...

Tata Motors has reportedly secured clearance from the Gujarat government for its proposed takeover of the passenger car manufacturing plant of Ford Motor Company. The plant is located at Sanand,...

India may revise its stake sale in BPCL lower and sell just about 20-25% stake instead of selling its entire 52.98% stake in BPCL. The government had originally planned to...

The decision by Holcim to sell its India business to Adani family will not attract capital gains tax. The deal is being routed through an offshore Mauritius entity. On Sunday,...

The battle for the stake in Gujarat Ambuja has finally been sealed with Adani group emerging the winner. Adani will pay $10.5 billion or Rs.81,300 crore for the 63.2% stake...

For the month of March 2022, the IIP grew 1.9%, compared to 1.7% in February 2022. Manufacturing growth was still weak at 0.9%. This marks the fifth consecutive month that...

RBI is reportedly planning to raise its inflation projections and also trigger a series of rate hikes, which could be announced in the June 2022 MPC meeting. RBI had already...

The month of Apr-22 saw a resurgence in flows into debt funds but equity fund flows tapered to Rs.15,890 crore, as investors became cautious amidst volatility. The persistent selling by...

It was a sharp slump for the Indian rupee as it touched a new all-time low of 77.50/$. The rupee fell by 60 paisa as the US dollar touched a...

The ten most valuable companies in India by market cap saw value erosion of Rs.285,252 crore during the week, with Reliance the worst hit. Reliance Industries saw a market cap...

Nitin Gadkari, the ubiquitous Minister for Road Transport and Highways, has promised a record 18,000 KM of highways in FY23 at the rate of 50 KM per day. The daily...

Tata Steel reported bumper net profits of Rs.9,835 crore for Mar-22 quarter; yoy growth of 37%. Profits were largely driven by other income. Sales revenues surged 38.4% to Rs.69,616 crore...